Carsome marks second consecutive profitable year

• Ebitda more than doubled as Carsome strengthened structural profitability
• Core markets, Malaysia and Singapore deliver growth despite softer regional conditions

Carsome Group Inc., Southeast Asia’s integrated car e-commerce platform, reported a milestone FY2025 with Ebitda more than doubling to US$23 million (RM90 million), reinforcing the structural profitability path it has pursued over the past two years. Gross profit rose 16% year-on-year, while gross profit per unit increased 22% to a record high, the company said in a statement.

The profitable growth was driven by its core markets in Malaysia and Singapore, where volumes remained strong despite softer regional conditions. During the year, Carsome introduced new initiatives to enhance customer value, including expanded dealer financing and the affordable Value Plus proposition for retail customers.

The group also secured strategic partnerships with leading financial institutions, underscoring confidence in its long-term prospects.

Eric Cheng, Carsome co-founder and group CEO, said, “FY2025 marks an important milestone for Carsome. After several years of building strong foundations, we are now seeing these efforts grow and sustain our profitability.

“As new car sales evolve, the used car segment remains a key opportunity across our business verticals. We are proud to expand access to car ownership through affordable vehicles and responsible financing. With strong partner support and a clear value proposition, we are entering our next phase of growth from a position of strength,” he added.